51-55 West 35th Street

New York, New York

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Building

Stats

  • Property Type Multifamily - High-Rise
  • Building size (SF) 30,264
  • Price $15,950,000

Overview

Avison Young, as exclusive agent, is pleased to offer for sale 51-55 West 35th Street (referred to as the “Property”), an expansive mixed-use building spanning 64 feet in width and encompassing five stories (plus a sellable lower level). Positioned in the heart of Koreatown, the Property boasts a vibrant retail presence nestled between 5th Avenue and 6th Avenue. Encompassing a total of 30,264± square feet with 43,340± square feet of commercial air rights, the Property comprises eighteen (18) rent-stabilized one-bedroom apartments and five (5) commercial units. Furthermore, the Property is included in the Midtown South Mixed-Use Plan (MSMX), which focuses on increasing density for residential development not permitted under today’s zoning regulations.

Highlights

Unmatched retail corridor

Robust existing cash flow

43,340± SF of commercial air rights
Proximity to Penn Station and Herald Square Subway Station

Close to the Empire State Building and Madison Square Garden

Location Map

Team

Ryan McGuirl

Ryan McGuirl

Associate Director
Avison Young - US - NY - New York
908 392 0109
Brandon Polakoff

Brandon Polakoff

Principal, Executive Director of Tri-State Investment Sales
Avison Young - US - NY - New York
212 230 5998
Kyle Sabath

Kyle Sabath

Senior Associate
Avison Young - US - NY - New York
212 729 6279

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51-55 West 35th Street OM

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